64 Cardinal Dr #BOrmond BeachFL32176
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Ormond Beach at 64 Cardinal Dr #B, Ormond Beach, FL, 32176 with 5% annual appreciation on a $249,900 basis while $2,113/mo rent supports operations. Total monthly income totals $2,113/mo and a $1,223/mo payment preserves $268/mo for cash returns. Annual cash flow comes to $3,220/yr on $82,842 deployed, and return on cash invested reaches 23.8% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,043 alongside rental yield of 10.15%. Five-year ROI measures 125.29% and total cumulative return in cash totals $103,790.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,113/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1947
4,791 sqft lot
$N/A/sqft
$330 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32176, Ormond Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,445 (100%) |
| Owner Occupied HU | 6,130 (58.7%) |
| Renter Occupied HU | 1,418 (13.6%) |
| Vacant Housing Units | 2,897 (27.7%) |
| Median Home Value | $456,930 |
| Average Home Value | $555,979 |
Housing Distribution
Address Breakdown
Residential
8,809
Single Family
7,075
Multi-Family
1,734
Businesses
388
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Listed by: Doug Chambers • Gaff's Realty Company
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1216793
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.